Education and Training Sector Report - March 2019

For updated information, please visit www.ibef.org March 2019
EDUCATION AND
TRAINING

Table of Content
Executive Summary……………….……......3
Advantage India………………....….….……4
Market Overview ……………….……..….....6
Growth Drivers and opportunities…..……..18
Key industry organizations...……........…….26
Useful Information……….….……….....……28
Recent trends and strategies…….….…….13
Policies and initiatives………….……..…….22

For updated information, please visit www.ibef.org
Education and
Training
3
EXECUTIVE SUMMARY
 With approximately 28.25 per cent of India’s population* in the age group of 0-14 years, educational sector in India provides great growth
opportunity.
 Education sector in India is estimated at US$ 91.7 billion in FY18 and is expected to reach US$ 101.1 billion in FY19.
 The country has also become the second largest market for e-learning after the US. The sector is expected to reach US$ 1.96 billion by 2021 with
around 9.5 million users.
 Government of India’s target of Gross Enrolment Ratio (GER) of 30 per cent for higher education by 2020 is expected to drive investments in the
education space. The government is also planning to promote the education sector to help increase the share of overall services’ sector in the
GDP of the country.
Source: UGC, India Ratings and Research FY19 Outlook, KPMG – Online education in India, ASER 2016, AISHE 2017-18, News sources
Notes: E – expected, *as of 2015-16, Update is expected after September 2019
Education Industry in India1 (US$ billion)
91.7
101.1
86.0
88.0
90.0
92.0
94.0
96.0
98.0
100.0
102.0
FY18 FY19E
Number of Colleges in India
32,974
34,852
35,525
36,634
38,498
39,071
40,026
39,050
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
45,000
2010-11
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
2017-18

Education and training
ADVANTAGE INDIA

Education and
Training
5
ADVANTAGE INDIA
Source: Ministry of HRD, Technopak, Department of Commerce Government of India, DIPP, TRAI, News Sources
Note: GER stands for Gross Enrolment Ratio, NEP – National Education Policy, HRD – Human Resource Development
 Largest population in the world of about ~500
million in the age bracket of 5-24 years,
presents large number of opportunities in
education space.
 India has over 250 million school going
students, more than any other country.
 Huge demand supply gap with an additional
requirement of 200,000 schools, 35,000
colleges, 700 universities and 40 million seats
in the vocational training centres.
 Between April 2000 and December 2018,
inflow of US$ 2.21 billion has been witnessed
as Foreign Direct Investment (FDI) in the
education sector.
 An estimated investment of US$ 200 billion is
needed by the government to achieve its target
of 30 per cent GER for the higher education
segment by 2020.
 Large English Speaking population allows
easy delivery of educational products. India
was ranked 28 out of 88 countries in English
Proficiency Index 2018.
 As of September 2018, internet penetration in
India had reached 42.87 per cent. Increasing
internet penetration will help in education
delivery.
 100 per cent FDI (automatic route) is
allowed in the Indian education sector
 To liberalise the sector, the government
has taken initiatives such as the National
Accreditation Regulatory Authority Bill for
Higher Educational and the Foreign
Educational Institutions Bill.
ADVANTAGE
INDIA
 Revitalising Infrastructure and Systems in Education (RISE) by
2022 was announced in Union Budget 2018-19 with an outlay of
Rs 1 trillion (US$ 15.44 billion) for four years.
 As of January 2019, 49 institutes were represented from India
in Times Higher Education (THE) Emerging
Economies University Rankings 2019.

MARKET OVERVIEW

Education and
Training
7
EVOLUTION OF THE INDIAN EDUCATION SECTOR
 In 1992, the National Policy on Education-1986 was revised.
 In 1995 the National Programme of Nutritional Support to
Primary Education (NP-NPSE) was launched as a sponsored
scheme by the Centre
 In 1995, National Council of Rural Institutes (NCRI), an
autonomous body was established for the promotion of rural
higher education
 In 2012 the amendment of the Indian Institute of Technology
Act, 1961 took place which envisages inclusion of 8 new IITs
 In 2014, Indian Institutes of Information Technology Bill,
2014 was passed by both the houses of the parliament. The
bill aims to bring 4 information technology institutes1 under
the control of a single authority
 A new education policy is being drafted to ensure
quality education in India from 2020-40. The draft
policy is expected after October 2018.
 The National Testing Agency was approved by the
Cabinet in November 2017 to conduct all high stake
college entrance exams in India.
 In June 2017, Government of India announced that it
would replace the University Grants Commission with
Higher Education Commission of India.
 RMSA was launched in March 2009 with the objective to
enhance access to secondary education
 In 2009 Saakshar Bharat, a centrally sponsored scheme
was launched with focus on women and other
disadvantaged groups in rural areas of low literacy
 The RTE, became operative in 2010 according to which
every child has a right to elementary education
 In 1964, the Kothari Commission was
appointed to make a detailed survey of all
the education branches in India and advice
government on policies for the development
of education at all stages and in all its
aspects.
1960-1990 2016 Onwards
2010-20142000-20101990-2000
Notes: RTE - Right of Children to Free and Compulsory Education, RMSA- Rashtriya Msdhyamik Shiksha Abhiyan, NIT-National Institute of Technology, IISER- Indian Institutes of Science
Education and Research, 1 IIIT-Allahabad, IIIT-Gwalior, IIIT Design and Manufacturing Jabalpur, and IIIT Design and Manufacturing Kancheepuram

Education and
Training
8
EDUCATION LANDSCAPE IN INDIA
Private sector
Indian Education System
Education material
suppliers
State Govt. funded
institutions
Higher education
institutions
Pre-schools
Coaching classes
Vocational training
centers
Schools
Multimedia schools
Central Govt. funded
institutions
Source: Grant Thornton
Formal setup Non formal setup
Public sector
Schools
Higher education
institutions

Education and
Training
9
SCHOOL EDUCATION
Source: Unified District Information System for Education (U-DISE), United Nations Development Programme
Schools In India (‘000)
1431.7
1448.7
1445.8
1449.1
1467.7
228.9 236.8 244.7 252.2 260.2
0
200
400
600
800
1,000
1,200
1,400
1,600
2012-13 2013-14 2014-15 2015-16 2016-17
Elementary Secondary
 As of 2016-17, India had 1,467,680 elementary schools with 7,606,638 classrooms and 260,155 secondary schools with 1,423,494 classrooms.
 Pupil Teacher Ratio (PTR) for elementary and secondary education in the country was 1:23 in 2016-17.
 73.1 per cent of the elementary schools were government schools.
 At elementary level, Gross Enrolment Ratio was 93.5 per cent in 2016-17 and at secondary level it was 79.3 per cent.
 Expected years of schooling was 12.3 years in 2017.
School Enrolment In India in 2016-17 (million)
189.9
38.8
24.7
0.0
20.0
40.0
60.0
80.0
100.0
120.0
140.0
160.0
180.0
200.0
Elementary
(Grade 1-8)
Secondary
(Grade 9-10)
Higher Secondary
(Grade 11-12)
Note: Information is as per latest available data

Education and
Training
10
HIGHER EDUCATION…(1/3)
32,974
34,852
35,525
36,634
38,498
39,071
40,026
39,050
-
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
45,000
2010-11
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
2017-18
621
642
667
723
760
799
864
903
0
100
200
300
400
500
600
700
800
900
1,000
2010-11
2011-12
2012-13
2013-14
2014-15
2015-16
2016-17
2017-18
Source: UGC, PWC, AISHE 2017-18
CAGR 8.31 %
Number of Colleges in India Number of Universities in India
 Number of colleges in India reached 39,050 in 2017-18, up from 32,974 in 2010-11.
 Number of universities in the country has also increased at a fast pace from 621 in 2010-11 to 903 universities in 2017-18. Total number of
agricultural universities in the country increased from 35 in 1999 to 75 in 2017.
 Government’s initiatives to increase awareness among all sections of the society has played a major role in promoting higher education among
the youth.
 India has 49 of world’s best universities, as per Times Higher Education (THE) World University Rankings 2019.
Note: Update is expected after September 2019

Education and
Training
11
 India has the world’s largest higher education system and it ranks second in terms of student enrolment in higher education. India had 36.64
million students enrolled in higher education in 2017-18.
 Gross Enrolment Ratio in higher education reached 25.8 per cent in 2017-18.
 Online higher education may prove to be a good alternative and is expected to grow at 41 per cent CAGR between 2016-2021.
 Government is targeting Gross Enrolment Ratio (GER) of 30 per cent for higher education by 2020.
 Central Government has increased the research fellowship of Ph.D. students and other research personnel enrolled in any area of science and
technology with effect from January 1, 2019.
Source: UGC, AISHE 2017-18; US Department of Education
Year-wise growth of students enrolment (million)
16.2 16.6
17.5
18.5 18.6 19.0 19.2
13.0 13.5
14.8
15.7 16.0 16.7 17.4
0.0
5.0
10.0
15.0
20.0
25.0
2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18
Male Female
Student Enrolment in Higher Education (million) Year-wise growth of students enrolment (million)
20.8
22.1
22.7
23.9
25.3
25.4
26.0
26.3
17.9
19.4
20.1
22.0
23.2
23.5
24.5
25.4
0.0
5.0
10.0
15.0
20.0
25.0
30.0
2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18
Male Female
Gross Enrolment Ratio in Higher Education (%)

Education and
Training
12
University Mix (2017-18)
Source: AISHE 2017-18
 There has been a significant increase in the share of the state private universities as part of total universities. In 2017-18, 29.71 per cent of
universities in the state were state private universities and 9.07 per cent were private deemed universities.
 There were 262 state private universities and 80 private deemed to be universities in India in 2017-18.
 University Grants Commission (UGC) has given an amount of Rs 82.35 crore (US$ 11.41 million) to 819 projects under the Major Research
Project Scheme from 2016-17 to 2018-19 (up to December 2018).
University Mix (2011-12)
5.10%
3.74%
1.13%
9.07%
11.45%
29.71%
39.80%
Central
Deemed University -
Government
Deemed University -
Government Aided
Deemed University - Private
Institute of National Importance
State Private University
State Public University
6.77%
6.13%
1.77%
12.74%
9.52%
16.94%
46.13%
Central
Deemed University -
Government
Deemed University -
Government Aided
Deemed University - Private
Institute of National Importance
State Private University
State Public University

RECENT TRENDS
AND STRATEGIES

Education and
Training
14
 Enrolment rate across the senior classes is quite low, while the girls dropout rate have witnessed increase in
comparison to that of boys in the primary and secondary levels.
Key Challenges
NOTABLE TRENDS IN THE K-12 SEGMENT
 Various operating models like a mix of franchisee and owned-schools are being used by the private players to
ensure their economic viability
Private schools adopting
franchise models
 With increasing awareness, private Indian players are collaborating with international brands to provide
international standard quality education
Emergence of
international school
segment
 Schools are investing in information and multimedia education technologies to provide better education to
students.
 Byju’s has more than 400,000 students are using the app currently, ranging from K-12 students to students
preparing for competitive exams. In January 2019, the company acquired US based learning platform Osmo
for US$ 120 million to drive its plans of international expansion.
 Market size of digital publishing for education sector in India has increased at a CAGR of 5.29 per cent year-
on-year to US$ 356 million in 2017 from US$ 305 million in 2014.
 As of March 2019, the Government of India is taking the initiative to encourage colleges to offer online
courses in rural areas to ensure education for all.
Increasing use of
technology
Source: Ministry of Human Resource Development, KPMG, UGC

Education and
Training
15
NOTABLE TRENDS IN THE HIGHER EDUCATION
SEGMENT
Source: KPMG, UGC, News sources
 With more and more students opting for industry focused qualifications, the demand for specialised degrees
is picking up.
 Most of the universities are offering MBA / Technical degrees with focus on specific sectors.
Specialised degrees
gaining popularity
 Many private institutions are adopting multi city campus model to scale up their operations and expand in the
untapped market of tier 2 and tier 3 cities.
Multi campus model
gaining popularity
 In order to meet the need of today’s demanding students who seek international exposure, many Indian
universities and colleges have entered into joint venture agreements with international universities to provide
world class education.
 In January 2019, US universities visited India for the first US-India Knowledge Exchange (USIKE) and
interacted with institutions and government representatives to encourage collaborative research and
innovation in various fields between the two countries.
 In April 2018, Government of India and France signed an agreement to facilitate Mutual Recognition of
Academic Qualifications between the two countries.
 Microsoft India hosted first ‘Education Day 2018’ event in India on December 04-05, 2018. It was a two day
event where students and over 220 educators came together to showcase their work and innovations.
 As of March 2019, the Government of India accepted seven research proposals under Scheme for Promotion
of Academic and Research Collaboration (SPARC). The SPARC grants will help IIT Mandi to collaborate with
international universities located in US, France, Germany, UK and Taiwan to undertake joint research work
and to offer short term courses to the students.
International
collaborations
Note: Information as per latest available data

Education and
Training
16
NOTABLE TRENDS IN THE VOCATIONAL TRAINING
SEGMENT
 Private equity players have become bullish on the fast growing education sector including vocational and
supplementary training.
 Indian education sector witnessed 18 merger and acquisition deals worth US$ 49 million in 2017.
 Xseed Education Pte Ltd, a Singapore-based education company, acquired Report Bee, an education
technology firm for an undisclosed amount.
Increasing interest from
PE/ VC firms
 With rising internet penetration in India, vocational training companies are selecting the online channel to
offer courses and increase their national reach.
Online channel gaining
momentum
 In a recent trend, vocational training companies have entered into agreements with corporate houses to train
their existing employees with the required skill sets
 Also through corporate partnerships, vocational training companies are training college pass-outs with both
soft and hard skills required by their corporate partners.
 In April 2018, National Programme on Technology Enhanced Learning (NPTEL) and Internshala signed an
Memorandum of Understanding (MoU) to provide internships in over 1,800 colleges in India.
Corporate partnerships
Source: KPMG, Ministry of HRD, KAIZEN, News Sources
 In December 2018, Byju’s raised US$ 400 million in a new round of funding and making it the fourth most
valuable start-up in India valued at US$ 4 billion.
 In July 2018, Unacademy raised US$ 21 million from its existing investors, taking its total funding to US$ 38.6
million.
 In January 2019, Eruditus, a educational technology (edtech) and education programme provider company
raised US$ 40 million in series C funding from Sequoia India.
 As of March 2019, Byju’s raised Rs 80 crore (US$ 1.11 million) from two main investors General Atlantic and
Tencent.
Investment in online
learning

Education and
Training
17
STRATEGIES ADOPTED
Source: Company Websites, News Sources
 As the Indian education
industry opens up to new
innovative ways of learning,
Educomp has decided to
explore this opportunity by
offering its various online and
supplemental solutions to help
institutions to leverage the
most of technology
 Dish TV has added 32
educational channels of
Ministry of Human Resource
Development to its platform.
 Plastic Water Labs is building
virtual reality platform to help
students understand science
and mathematics better.
 In 2017, NIIT launched India’ Nxt
Tech Star movement to mentor
students across India in building
applications for the next
generation.
 EU-funded scholarships to Indian
students increased 15 per cent in
2017. India is also the largest
beneficiary of Erasmus Funding for
higher education outside of
European countries.
 In January 2019, HP Inc. India
came up with ‘’HP Udaan
Scholarship’ to support more than
1300 students belonging to low
income families. To promote
education, about 50 per cent is
secured for girls.
 The Government of Manipur
introduced a scholarship worth Rs
1 crore (US$ 138,600.14) for civil
services aspirants.
 Domestic service providers have
formed joint venture with foreign
players. For example Educomp has
formed joint venture with Raffles to
form Raffles Millennium International
Colleges which offer courses in
fashion design, fashion marketing,
interior design, product design and
graphic design, jewellery design
 Indian institutions are open to establish
strategic alliances with Australian
institutions, as the country is the
preferred destination for Indian
students seeking quality foreign
education.
 Medvarsity partners with Lecturio.com
to provide enhanced technology based
healthcare learning for medical
students. The aim is to provide better
learning opportunity.
Offering Scholarships Joint Ventures
Providing online and
supplemental solutions

GROWTH DRIVERS
AND OPPORTUNITIES

Education and
Training
19
GROWTH DRIVERS
Source: Netscribes and CLSA KPMG, TechSci Research
Increasing disposable incomes and willingness of people to spend on education is a key driver for the Indian education industry
Education in India
Formal Education Informal Education
 Increasing
awareness in India
is driving private
college
enrolments.
K-12
 High demand of
qualified
employees from
the growing
service sector
Higher education
 Higher competition
for professional
courses.
 Engineering
coaching industry
in India was
estimated at Rs 1.2
trillion (US$ 18.62
billion) in 2017.
Coaching institutes
 Franchisee models
and increasing
awareness in tier 2
and 3 cities is set
to drive the sector.
 The pre school
market in India is
expected to grow
at 23 per cent
CAGR between
2017-22.
Pre-schools
 Increasing demand
for skilled labour
 Low employability
levels
 Increasing number
of Industrial
Training Institutes;
As of January
2019, there were
15,154 ITIs in the
country.
Vocational education

Education and
Training
20
 100 per cent FDI (automatic route) is allowed in
the Indian education sector.
 An estimated investment of ~US$ 200 billion is
required to achieve the government’s target of
30 per cent GER for the education sector by
2020.
 The government also promotes Public Private
Partnership (PPP) and tax concessions to
encourage foreign players in the industry.
 There is a large opportunity for financial
institutions in the sector. Outstanding education
loans in the country reached Rs 72,839 crore
(US$ 11.30 billion) in 2017-18.
 As on February 2019, President of India,
announced the Government is setting up seven
IITs, seven IIMs, one NIT, four NIDs, 14 IIITs
and 5,000 Atal Tinkering Labs to improve the
education standard.
 India has the world’s largest
population of about 500 million
in the age bracket of 5-24
years and this provides a great
opportunity for the education
sector.
 The Indian education sector is
set for strong growth, buoyed
by a strong demand for quality
education.
 The education industry in India
is estimated to reach US$ 144
billion by 2020 from US$ 97.8
billion in 2016
 The continued focus of the Government of India
towards liberalising the Education sector, is reflected
by the proposed introduction of trend setting bills
such as the Foreign Educational Institutions
(Regulation of Entry and Operations) Bill, 2010 and
the Educational Tribunals Bill, 2010.
 The Department of School Education and Literacy
has launched Samagra Shiksha programme with
effect from 2018-19 for the school education sector
extending from pre- school to class 12th providing
quality education at all levels.
 In December 2018, the Government of India
published that 3.43 million candidates had enrolled in
the Pradhan Mantri Kaushal Vikas Yojana (PMKVY)
2016-20 scheme. Up to January 24 ,2019, as many
as 2.53 million candidates were trained under the
scheme’s Short Term Training (STT).
 ‘Mentor India’ campaign launched by Niti Aayog in
August 2017.
 World Bank aided SANKALP and STRIVE schemes
were approved in October 2017 in order to boost Skill
India Mission. Skill India program me has benefitted
more than one crore (10 million) youth annually.
 Education sector in India remains to be a strategic
priority of the government. Skill India Mission 2015
aims at skilling around 400 million youths in the
country by 2022.
OPPORTUNITIES
Source: Technopak, India Ratings and Research, PricewaterhouseCoopers, Deloitte, Technopak , PTI, Government of India, News Sources
Immense Growth potential Policy SupportInvestments in Education

Education and
Training
21
OPPORTUNITIES
Source: Technopak, India Ratings and Research, UGC Report on “Inclusive and Qualitative expansion of Higher Education”, PricewaterhouseCoopers , Deloitte, Livemint
Notes: PPP - Public Private Partnership
 Setting up of formal educational institutes
under the PPP mode and enlarging the
existing ones .
 In the case of PPP the Government is
considering different models like the basic
infrastructure model, outsourcing model,
equity/hybrid model and reverse
outsourcing model.
 More opportunities for the private and
foreign sector involve twinning
arrangements/academic and financial
partnership with Indian institutions,
rendering infrastructure services including
development, IT and development of
course content.
 Future opportunity of setting up campuses
of foreign universities in India.
 The Michael and Susan Dell Foundation
announced an investment of US$ 100,074
in Shiksha Financial Services India Pvt Ltd
and provide loans to private schools.
 A US$ 10 million Development Impact
Bond has been started by the British Asian
Trust to provide education to marginalised
children in India.
 With the tutoring in the schooling segment
expected to grow from US$ 8 billion in
2011 to US$ 26 billion in 2020, there lies a
large and fast growing market for coaching
and tutoring services imparted through
innovative means, mainly the internet.
 RISE INDIA, aims at training 100,000
drivers over a period of 3 years, impart
training to 2.5 lakh drivers, in the next 7
years.
 Reliance Jio has submitted a proposal to
connect around 38,000 colleges and
provide free Wi-Fi access to 30 million
college students across the country.
Opportunities for Foreign Investors Opportunities for Innovative ServicesPublic Private Partnership (PPP)

KEY POLICIES AND
INITIATIVES

Education and
Training
23
KEY POLICIES AND INITIATIVES…(1/2)
Source: PricewaterhouseCoopers, Union Budget 2018-19 - Government of India, News sources
 With an aim of promoting innovation and entreprenuership among secondary school students in the country NITI
Aayog, Government of India has launched the Atal Innovation Mission (AIM)
 In June 2018, 3,000 additional Atal Tinkering Labs were approved, taking the total number of labs to 5,441.
 In August 2018, Innovation Cell and Atal Ranking of Institutions on Innovation Achievements (ARIIA) was launched
to assess innovation efforts and encourage a healthy competition among higher educational institutions in the
country.
 The Government of india plans to install 10,000 ATLs by 2020.
Atal Innovation
Mission (AIM)
 The Government has hiked the expenditure budget for education by Rs 10,000 crore (US$ 1.39 billion) to Rs
93,848 crore (US$ 13.00 billion).
Interim Budget
2019-20
 The new National Education Policy (NEP) considers education as an utmost important parameter in the country.
The NEP majorly focuses on quality of education as well as innovation and research in the sector. In November
2018, the National Education Policy Framework 2018 was launched. According to Mr Prakash Javadekar, Minister
of Human Resource Development, Government of India, New National Education Policy draft is ready and would
be given to the central government.
National Education
Policy
Notes: NEP – National Education Policy, Government of India, News sources
 The programme was started in April 2017 with funding from the World Bank to improve quality of technical
education in 19 states of India and would run for three years.
Technical Education
Quality Improvement
Programme
 The Government of India has approved continuation of Rastriya Yuva Sashaktikaran Karyakram Scheme for the
Period 2017-18 to 2019-20 with a budget of Rs 1,160 crores (US$ 1.60 billion).
Rastriya Yuva
Sashaktikaran
Karyakram Scheme
 In a landmark reform, higher educational institutions in the country have been allowed Certificate, Diploma and
Degree Programmes in online mode under the University Grants Commission (Online Courses) Regulations, 2018
UGC (Online Courses)
Regulations, 2018

Education and
Training
24
KEY POLICIES AND INITIATIVES…(2/2)
Source: Government of India, News Sources
 The scheme was approved in February 2017, with the aim of providing digital literacy to 60 million rural households
in the country by March 2019
 As of January 2018, more than 10 million candidates had been trained under the scheme.
Pradhan Mantri
Gramin Digital
Saksharta Abhiyan
(PMGDISHA)
 The scheme was approved in February 2018 under the Union Budget 2017-18, with the aim of improving the quality
of research in the country by attracting the best talent.
 The scheme has been approved for a period of seven years beginning from 2018-19 at a cost of Rs 1,650 crore (US$
254.9 million).
Prime Minister’s
Research
Fellowship Scheme
 In March 2018, Ek Bharat Shreshtha Bharat (EBSB) was launched by Ministry of Human Resource Development,
Government of India with the objective of promoting national integration through engagement between states, union
territories, central ministries, educational institutions and general public.
Ek Bharat
Shreshtha Bharat
 As of August 2018, Ministry of Human Resource Development, Government of India is developing a Performance
Grading Index based on 70 indicators in order to boost education in all states and union territories of India.
Performance
Grading Index
 In August 2018, Government of India launched the second phase of ‘Unnat Bharat Abhiyan’ which aims to link higher
educational institutions in the country with at least five villages. The scheme covers 750 such institutions.
Unnat Bharat
Abhiyan

Education and
Training
25
RISING INVESTMENTS
Source: HRD Ministry, EY
 Private investments in the Indian education sector have increased
manifold over the past two decades.
 Indian education sector witnessed 18 merger and acquisition deals
worth US$ 49 million in 2017. In the first half of 2018, education
sector witnessed 20 private equity deals.
 As of June 2018, the Ministry of Human Resource Development,
Government of India is also planning to raise around Rs 1 trillion
(US$ 15.52 billion) from private companies and high net worth
individuals to finance improvement of education infrastructure in the
country. The funds will be mobilised by the Higher Education
Funding Agency (HEFA).
 In July 2018, a capital base of Rs 10,000 crore (US$ 1.49 billion) was
approved for the Higher Education Funding Agency (HEFA).
 Of all the startups in India, 3,500 are catering to the education space.
These startups received close to US$ 700 million funding in 2018.
 Byju’s raised Rs 80 crore (US$ 1.11 million) from two main investors
General Atlantic and Tencent.
Year-wise growth of students enrolment (million)
19 18
12
49
0
10
20
30
40
50
60
2016 2017
Deals Value (US$ million)
M&A in Indian Education Sector

KEY INDUSTRY
ORGANISATIONS

Education and
Training
27
INDUSTRY ORGANISATIONS
Bahadur Shah Zafar Marg, New Delhi
Pin:110 002
EPABX Nos. 23232701/ 23236735/ 23239437/ 23235733/ 23237721/
23232317/ 23234116/ 23236351/ 23230813/ 23232485
Fax. Nos. 23231797/ 23239659
Website: http://www.ugc.ac.in/
University Grants Commission (UGC)
7th Floor, Chanderlok Building
Janpath, New Delhi-110 001
AICTE EPABX Numbers: 91-11-23724151 to 91-11-23724157
AICTE Fax Number: 91-11-23724183
Website: http://www.aicte-india.org/
All India Council of Technical Education (AICTE)

USEFUL
INFORMATION

Education and
Training
29
GLOSSARY
 CAGR: Compound Annual Growth Rate
 FDI: Foreign Direct Investment
 FY: Indian Financial Year (April to March)
 GER: Gross enrolment Ratio
 GOI: Government of India
 HRD: Human Resource Development
 AICTE: All India Council of Technical Education
 INR: Indian Rupee
 RTE: Right of Children to Free and Compulsory
 RMSA: Rashtriya Madhyamik Shiksha Abhiyan
 UGC: University Grants Commission
 US$ : US Dollar
 Wherever applicable, numbers have been rounded off to the nearest whole number

Education and
Training
30
EXCHANGE RATES
Exchange Rates (Fiscal Year) Exchange Rates (Calendar Year)
Year INR INR Equivalent of one US$
2004–05 44.95
2005–06 44.28
2006–07 45.29
2007–08 40.24
2008–09 45.91
2009–10 47.42
2010–11 45.58
2011–12 47.95
2012–13 54.45
2013–14 60.50
2014-15 61.15
2015-16 65.46
2016-17 67.09
2017-18 64.45
Q1 2018-19 67.04
Q2 2018-19 70.18
Q3 2018-19 72.15
Year INR Equivalent of one US$
2005 44.11
2006 45.33
2007 41.29
2008 43.42
2009 48.35
2010 45.74
2011 46.67
2012 53.49
2013 58.63
2014 61.03
2015 64.15
2016 67.21
2017 65.12
2018 68.36
Source: Reserve Bank of India, Average for the year

Education and
Training
31
DISCLAIMER
India Brand Equity Foundation (IBEF) engaged Aranca to prepare this presentation and the same has been prepared by Aranca in consultation with
IBEF.
All rights reserved. All copyright in this presentation and related works is solely and exclusively owned by IBEF. The same may not be reproduced,
wholly or in part in any material form (including photocopying or storing it in any medium by electronic means and whether or not transiently or
incidentally to some other use of this presentation), modified or in any manner communicated to any third party except with the written approval of
IBEF.
This presentation is for information purposes only. While due care has been taken during the compilation of this presentation to ensure that the
information is accurate to the best of Aranca and IBEF’s knowledge and belief, the content is not to be construed in any manner whatsoever as a
substitute for professional advice.
Aranca and IBEF neither recommend nor endorse any specific products or services that may have been mentioned in this presentation and nor do
they assume any liability or responsibility for the outcome of decisions taken as a result of any reliance placed on this presentation.
Neither Aranca nor IBEF shall be liable for any direct or indirect damages that may arise due to any act or omission on the part of the user due to any
reliance placed or guidance taken from any portion of this presentation.

Education and Training Sector Report - March 2019

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